Double Smoothed Stochastic
- Indicators
- Stephen Reynolds
- Version: 1.0
Double Smoothed Stochastic is similar to Stochastic except for this Indicator we use what is called double exponentially smoothing.
This will give the trader a more speedy response to price changes which tends to smooth out the erratic movements of a regular Stochastic.
Double Smoothed Stochastic Calculation is :
DSS = EMA(r) (X - Lxn / Hxn - Lxn) x 100
MIT = EMA(r) (close - Ln / Hn - Ln) x 100
Ln = lowest low of n periods
Hn = highest high of n periodsLxn = lowest low of the price series X of n - periods
Hxn = highest high of the price series X of n - periods
X = latest price of the price series X
Features :
- Customizable so the user can input the required size of charts to overlay.
- Can change the colour of the charts and arrows.
- Has choices of which alarms we want to use.
- Can be traded on any market and timeframe. (I tend to see more accurate signals on larger timeframessuch as the 1hr chart)
Settings :
Moving Average Settings
- EMA - EMA settings
- Stochastic - Stochastic Settings
- Shift - Shift value of bar calculation is based
Object Colors
- DSS Up Color Arrow - Sets color of up arrows.
- DSS Down Color - Sets color of down arrows.
Alert Settings
- Soundfile - Sets the wave file used contained within folder program files > mt4 > sounds
- PlaySound - true means we here our PC alarm, false means we dont here our PC alarm.
- MessageBox - true means we see a message box, false means we dont see a message box
- SendeMail - true means we get an alert sent to our email, false means we dont get an alert sent to our email.
- SendMobile - true means we get an alert sent to our mobile device, false means we dont get an alarm sent to out mobile device.
